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Ungodly amount of copy storage on exchange

I have a 2 node Exchange 2003 cluster, (3 back end supporting 2 virtual nodes) running TDP for Exchange 5.5. According to Bocada, who I have reason to believe, my 2 Exchange servers are occupying 350 TB of space. My daily backups for these boxes are about 650 GB in total and my retention is 14 days. According to my math, that doesn't figure. What gives? Are there any queries that I can run to figure out what the heck is going on here? I should be looking at about 10 TB, not 350.